Monsanto Opts Out
of Australia’s Intergrain

Intergrain chief executive Tress Walmsley in the glass houses with noodle wheat. Picture: Danella Bevis/The Countryman.
Intergrain chief executive Tress Walmsley in the glass houses with noodle wheat. Picture: Danella Bevis/The Countryman.

In a story in The West Australian, it’s reported that Monsanto has sold its shares in Australian GMO wheat (Intergrain) to the Australian government and the Grains Research and Development Corporation. Monsanto will allow Intergrain to complete the 2016 breeding cycle but they will eventually lose access to Monsanto’s molecular marker platform. Monsanto had upped their stake in the company just 3 years ago. CEO Walmsley said that the deal was done on “beneficial terms”. The exact dollar amount of the transaction is unknown.

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